Moody's explains cautious approach to Greek credit rating upgrade
PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
Retail turnover in June grows strongly led by fuel and supermarket sales
Economic sentiment remains stable as retail confidence materially improves
Employment balance year-to-date posts record despite more departures in July
Fitch upgrades Greek rating to 'BB-', three notches from investment grade
SMEs, backbone of Greek economy, have shed 27 pct of jobs since 2008
The annual report on European Small and Medium-sized Enterprises (SMEs) released by the European Commission (EC) this week showed that SME employment in Greece fell by 27 percent since 2008, which corresponds to 630,000 fewer jobs.
Over the same period, almost one in four (205,000) of the SMEs that existed in 2008 closed down, resulting in a reduction of the respective business volumes by one third of its 2008 levels. Although the decline slowed in 2013, there has not yet been a r...
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